Navigating India's Luxury Market: Current Trends and Future Potential

India's luxury market, projected to grow from $8.5 billion in 2023 to $85–90 billion by 2030, currently thrives selectively, with certain segments like premium watches and fine jewelry standing out. While the potential for growth across broader luxury sectors like fashion and beauty exists, it remains largely untapped due to varying economic backgrounds and consumer preferences. Brands succeeding in this market are those that cater specifically to India's affluent class, offering exclusivity and personalized experiences, yet a strategic, nuanced approach is necessary to unlock the full potential of this diverse market.

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